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Determine the economic productivity level
Up until 1500 as best we can tell there had been next to no growth in output per worker for the average human for millennia. Even in 1800 average human alive had a material standard of living (and an economic productivity level) at best twice that of average human alive in the year 1. The problem wasn't that there wasn't any technological progress. There was. Humans have long been ingenious. Priestly, Warrior and bureaucratic elites in 1800 lived much better than their predecessors in previous millennia had lived. However just because elite that ruled you lived better doesn't mean that you--if you were average--lived any better.
Long Waves: Longer-term periods of stagnation or growth in the economy, that can last for a decade or more and reflect broader changes in technology, politics, and international re
#question.Now suppose nation A has RA resources in its treasury and nation B has RB resources. The winning coalition in each nation is WA and WB respectively. Leaders want to survi
Explain why goods provided by natural monopolies are often publicly owned. It would seem that most normal monopolies come with high MSB and also that society has deemed these g
Uses of national income statistics: - It helps to organize economic data and activities. - It helps to classify economic activities into various segments or sectors. - It he
cartels model of collusive oligopoly
The sales of a company are the part of the total sales of industry. If the conditions of industry changes then the sales of each of the firm in the industry is affected. All teh ti
why sellers and producers keep pricess lower
1) Lynne's income is £2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1/8. If this happens, she will be sued for £1, 000 and will have to pay th
Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the sa
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos
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